You can’t be in more than one place at a time. Physically speaking, it’s impossible, yes? Let’s think outside the box a little bit so you can learn how to leverage yourself in order to have a real financial impact.
Leveraging Yourself for Financial Success
A lot of you are familiar with the concept of leveraging yourself, yet I often find that many people out there don’t fully appreciate the importance of leveraging. It’s one of those terms that get bandied about in the business world so often that people take it for granted, one of those “Here we go again” terms. Yet, a huge part of financial success building is leveraging.
It simply means doing more with less. The idea is to work smarter not harder, get more done and deliver more value. You know you’re leveraging to the maximum when you’re away from the things you don’t enjoy and are doing what you really love to do. That means you’ve changed your blueprint about what’s available for you in your life, where you can be and how you play the game.
How does this apply to the average person?
You can start a business with little or none of your own money. It means delegating as many tasks as possible to others. It means using other people’s talents, skills, contacts, abilities and resources for mutual advantage. You’re good at whatever you do, but other people are better than you in other areas. Do what you’re good at and let others do the rest.
After you’ve gotten over the blueprint barrier, the next step is coming up with what will maximize your ability to leverage a talent, product, or idea. Can you create a book, program or a technology, and license it for royalties? That’s one of the easiest ways to generate easy, lucrative, passive income.
Using your resources
When it comes to leveraging, though, you’re not just maximizing other people’s skills and resources. You also want to get more out of yourself. That means enhancing your business knowledge and developing yourself personally. Be a constant learner. The best form of leveraging is self-education.
When you know certain things and develop yourself, you put that into action. If you’re not doing something with your skills, your knowledge becomes useless, it stagnates, and you start to feel bad about yourself. Who needs any more of that?
You vs. Your Health
If you really want to take it to the next level, leverage yourself by increasing your:
- Anything business related
Get into shape. “I don’t have time” is an easy excuse. However, a person can think that they don’t have time to work out. Think about how much could get done when you have more energy to keep going instead of feeling fatigued and drained.
In general, leveraging means managing your time effectively. Less turns into more: more you, more money, and more of what you really want out of life.
Exercise: Think about what you could leverage and act on it.
- What’s that one thing that you know you should not be doing because it is not a good fit for your skills and time?
- How can you give it to someone else that is better suited to take it on?
- Act now to get your “leverage momentum” moving forward!
Has this post helped you to learn how to leverage yourself? Let us know in the comments section below!
This article has been updated for relevancy and accuracy. It’s original publish date was 03/26/10.